However, others believe we have not fallen far enough to warrant further quantitative easing.
“The Fed will pull the trigger on QE3 if the sense is we are getting into trouble, but if we are just weak and somewhat limping forward, they will prefer to stay pat,” Adolfo Laurenti, deputy chief economist at Mesirow Financial, said. “They do not want to use whatever ammunition they have left too soon, they want to keep some just because things might get even worse later on.”
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Max Chen contributed to this article.